Customer Reviews: Read 57 more reviews...
 Not a good book to read, even for beginners December 5, 2008
Bobby Karp
This was the first book I read (cover to cover) when I decided to consider quantitative finance. It was suggested to me by a friend.
Unfortunately the book offers very little in return for investing your time into reading it. I find it poorly edited; the author repeats certain things over and over again. It's true that he gives an introduction to the BS world, but it's just way too lengthy for an intro.
A good intro is Baxter & Rennie's: short, to the point, and informative. After that I find Shrieve's two volumes superb. Shrieve really knows what he is talking about, and I think he uses the right amount of math, and nothing more.
Conclusion: don't waste your time with Neftci, there are much better books out-there.
 The Best Intro' November 19, 2008
Riaz Ahmad (7city Learning, London, UK)
The best introduction to Stochastic Calculus.
As a quant finance tutor on the 7city CQF course I have consistently (and without hesitation) recommended this text to course delegates and university students.
 Good background reading January 19, 2008
Deha Peker (New York, NY)
This good is a very good companion to Hull's book on financial derivatives pricing theory
I was disappointed January 3, 2008
M&M Catboy (Chicago, Illinois, USA)
I bought the book because of all the positive reviews; I did read the negative reviews, but decided to take my chance.
This book is useful for reviewing materials that you have learned in the past but forgotten. In my opinion, it's not that good for beginners of mathematical finance (who wants to learn it seriously) because the presentation is so unclear, with lots of hand-waving and skipping essential steps. I am a beginner myself, and I would rather struggle through more mathematically difficult but clearly presented textbooks.
I wanted to give this book one star because it was way below expectation, but I gave it two because at least it attempts to offer a layman's explanations (not a very successful attempt, but a positive thing, nonetheless) behind all the math. And it's not like I gained absolutely nothing from it. I guess I would recommend giving this book a shot if you could get it cheaply, perhaps a secondhand copy.
Detailed but Comprehensible October 13, 2007
William B. Searle (ny, ny usa)
0 out of 2 found this review helpful
This booke really helped me understand topics for a class I was taking. After reading it i almost felt like i understood change of measure and numeraire. one of the few books i'd recommend buying.
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